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Dec 31, 2024
Veralto Q4 2024 Earnings Report
Reported fourth quarter results, marked by sales increase and core sales growth.
Key Takeaways
Veralto reported a 4.4% increase in sales to $1,345 million, with non-GAAP core sales growth of 4.6%. The company's net earnings were $227 million, or $0.91 per diluted share, while non-GAAP adjusted net earnings reached $238 million, or $0.95 per diluted share. Operating cash flow was $285 million and non-GAAP free cash flow was $263 million.
Sales increased 4.4% year-over-year to $1,345 million, with non-GAAP core sales growth of 4.6%.
Operating profit margin was 22.9% and non-GAAP adjusted operating profit margin was 23.8%.
Net earnings were $227 million, or $0.91 per diluted common share.
Non-GAAP, adjusted net earnings were $238 million, or $0.95 per diluted common share.
Revenue by Segment
Forward Guidance
Veralto anticipates low-to-mid single digit core sales growth for the first quarter and full year 2025. The company projects an adjusted operating profit margin between 24.0% and 24.5% for Q1 2025, and expansion of 25 to 50 basis points for the full year. Adjusted diluted earnings per share are targeted in the range of $0.84 to $0.88 for Q1 and $3.60 to $3.70 for the full year, with free cash flow conversion between 90% and 100% of GAAP net earnings.
Positive Outlook
- Targeting low-to-mid single digit core sales growth for full year 2025
- Expecting another year of margin expansion.
- Projecting strong cash generation.
- Adjusted operating profit margin between 24.0% and 24.5% for Q1 2025
- Free cash flow conversion in the range of 90% to 100% of GAAP net earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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